Jump to content

Please consider disabling your adblocker for CreditBoards if you have not already done so.  This site depends on advertising revenue to stay online.


Recommended Posts

Long story short, an illness took me off work for some time and some card payments were prioritized above others. I have since cleaned my credit up save for one lone big bad that will not die off in the form of DSNB/Macy's (CitiBank). Here's the deets:

Date Opened: 11/16/2009

Last Payment Made: 05/06/2015

Date Closed: 04/26/2015

I've inquired about the debt and was told since it's past SOL it's no longer being pursued for collection, just reported monthly as charged off. That charge off reporting is a damper, though. What steps should I take, if any, to remove or rectify it on my reports? I can pay it in full, but is there any hope for it being removed or updated to not reflect so harshly? I appreciate any advice!

Share this post


Link to post
Share on other sites

Welcome to Creditboards!

We hope that you find what you're looking for here.

Some helpful tips:

  • Your post may not get a reply right away. Don't be discouraged, this is a very busy board. If it falls off of the first page, feel free to reply to your post yourself, with the word *bump* in the text. This will *bump* your post back up to the top of the board.
  • If you haven't yet, take a peek at out Newbies Section. Everything that you need to know is in that forum, for the most part. It's a lot of reading, we know, but this credit stuff can have a steep learning curve. In no time, you'll be posting like the pros!
  • If you find that someone is discourteous to you, use the REPORT button at the top right of every post - that will ensure that a moderator or admin looks at the post and decides if it is against the TOS.
  • Off -topic posts should go in the General Forum.

 

Again, welcome to the CreditBoards family!

 CB Admin:  Pam, MarvBear, radi8, LKH & 😇breeze😇

 

Share this post


Link to post
Share on other sites

When was the date of your last payment that brought the account current from whence it never again became current?

Share this post


Link to post
Share on other sites
3 hours ago, MarvBear said:

When was the date of your last payment that brought the account current from whence it never again became current?

5/6/2015 is what my credit report shows.

Share this post


Link to post
Share on other sites

Then why would the account have been closed the prior month if it had not been late?  I am trying to help you establish a time frame that could possibly limit the time until the satute of limitations for reporting kicks in.

Share this post


Link to post
Share on other sites
4 hours ago, JakkuScavenger said:

Long story short, an illness took me off work for some time and some card payments were prioritized above others. I have since cleaned my credit up save for one lone big bad that will not die off in the form of DSNB/Macy's (CitiBank). Here's the deets:

Date Opened: 11/16/2009

Last Payment Made: 05/06/2015

Date Closed: 04/26/2015

I've inquired about the debt and was told since it's past SOL it's no longer being pursued for collection, just reported monthly as charged off. That charge off reporting is a damper, though. What steps should I take, if any, to remove or rectify it on my reports? I can pay it in full, but is there any hope for it being removed or updated to not reflect so harshly? I appreciate any advice!

On paper reports from each of the CRAs the date of removal and DOFD should be displayed. Have you obtained paper reports from the big 4?

paper reports from the big four

https://creditboards.com/forums/index.php?/topic/590506-ordering-paper-credit-reports-information-inside/&tab=comments#comment-5623246

 

IDS: https://www.innovis.com/personal/creditReport

Share this post


Link to post
Share on other sites
55 minutes ago, hegemony said:

On paper reports from each of the CRAs the date of removal and DOFD should be displayed. Have you obtained paper reports from the big 4?

paper reports from the big four

 

https://creditboards.com/forums/index.php?/topic/590506-ordering-paper-credit-reports-information-inside/&tab=comments#comment-5623246

 

 

 

IDS: https://www.innovis.com/personal/creditReport

 

I apologize, I don't have IDS (yet) but I do have the others if that helps (actual copies). Also, this one has hopped back and forth between CA & OC so I'm not sure if that's where some stuff is lost/inconsistent on the reports.


Experian-

DOFD: 02/2015

shown as 30/60/90/60/90/120 starting from 02/2015 to 07/2015, no data (08/2015), 120 (09/2015), no data (10/2015, 11/2015).

CO from 12/2015

 

Equifax-

DOFD: 01/01/2015

shown as 30/60/90/60/90/120/120 from 02/2015 to 08/2015), no data from 09/2015 to 06/2016

CO from 07/2016

Date First Reported: 07/02/2020

 

Transunion-

DOFD: 02/2015

shown as 30/60/90/60/90/120/120 from 02/2015 to 08/2015, no data from 9/2015 to 11/2015

CO from 12/2015

 

 

Share this post


Link to post
Share on other sites
3 hours ago, MarvBear said:

Then why would the account have been closed the prior month if it had not been late?  I am trying to help you establish a time frame that could possibly limit the time until the satute of limitations for reporting kicks in.

Understood, friend. :) I included some further data points in the post above this, if you wouldn't mind giving that a look?

Share this post


Link to post
Share on other sites

- With a DOFD of in mid-2015, you're realistically only looking at another 18 months or less of this creating problems.  DOFD + 7 years is typical for how long negative info reports, and sometimes the TL can be encouraged to drop a few months early.  This isn't to discourage you from taking action now, just offering a perspective.

 

- Regardless of what you do with this account, do you have several other open, positive accounts?  If not, create and execute a plan to add quality accounts now so your profile has strength and depth when this is all over (regardless of whether you end up getting immediate or deferred relief).

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Similar Content

    • By nice8125612
      So when i was a teenager i went to open a bank account with my father at BOA (highly regretted it ever since) with a security deposit of $500. I had a bad payment status for 30-59 days and the account was closed by the credit grantor but only after i payed off the balance (they allowed me to pay off the balance by saying i had to make payment to use the card again and after i did they said i had to call a service representative) . I should have been more responsible on checking my balance since it was below $500 and thinking back now i was told that even though i payed off the due amount i would not be getting my deposit back, so me being a irresponsible teenager i just wanted to hide this fact from my parents. Moneys tight right now for my family so i was wondering if there was anyway to recover this $500. Is there any steps i should take to gather information regarding this ie the credit card terms and service before i try to dispute the fact? Would i be able to remove this remark from my credit score? I know this is a long shot but any information would help. Its been 4 years since then and the account was open for around 7 months. The year was opened on july of 2016 and closed feb 2017. Has anyone else had any experience with something similar? 
    • By MarvBear
      A "backdoor number" is one that gets you past frontline CSR's directly to Credit Analysts / Credit Departments / Account Managers / Account Specialists (different lenders call 'em different things) - these people/departments have decision-making abilities far beyond frontline CSR's; they can take and review requests for reconsideration of denied CC apps or CLI requests, APR reductions, etc. and implement their decisions.
       
      I can continuously update this first post with the latest information if everyone will post to this thread.  I'll make the change and acknowledge.  We truly appreciate your participation.
       
      Amazon (store card): see Synchrony (GE)
      AMEX:                      (Oasis Program)
      AMEX: 866-314-0237 (new app status)
      AMEX: 800-582-6471 (recon with frozen EX for pin)
      AMEX Business charge cards - (877) 399-3083
      AMEX Credit Bureau Unit: 800-874-2717 (Must have a current credit report before calling. They will ask for the account number from the credit report, which is different from your card number)
      Barclays: 888-232-0780 (Customer Care)
      Barclays: 866-408-4064 (Credit Analyst)
      BBVA Compass Bank: (American Express Card issues only) 866-246-2924
      Best Buy: 877-420-0001
      Best Buy: 888-908-9890 (Credit Analyst, existing accounts only)
      BofA: 888-260-4696 (secured accts.)
      BofA: 800-824-5895 (secured & partially secured accts.)
      BofA: 800-881-4730, 866-226-8225, 800-247-7975 (Credit Analyst, existing accounts only)
      BofA: 866-618-4585 (Sr Credit Analyst)
      BofA: 704-386-5687 (Office of the CEO)
      BofA: 888-500-6270 (Credit Dept. Fax)
      BofA Business: 877-665-5023 (Analyst/UW)
      BofA Business: 877-665-5023 (New applications)
      BofA Business: 800-442-1043
      Cap1: 800-625-7866 (Account Specialist)
      Cap1: 800-951-6951 (cust. relations)
      Cap1: 800-548-4593 (application department; status)
      Cap1: 800-889-9939, 800-625-7866 (Account Specialist)
      Cap1: 877-513-9959 (Account Retention?)
      Cap1: 800-258-9319 (Debt Recovery)
      Cap1: 866-280-0118, 800-955-1455 (EO) (Nerfed in general)
      Cap1 Secured Platinum: 800-219-7931 (deposit taker, can speak to credit analyst)
      Chase: 800-432-3117 (App status)
      Chase Personal CC Recon 888-270-2127
      Chase Business CC Recon 800-453-9719
      Chase: 800-453-9719 (Business card lending)
      Chase: 888-622-7547 (Chase Executive Ofc. in IL)
      Chase: 800-955-9900 (Product change status questions)
      Chase: 888-298-5623 (Consolidation - M-F 8am-10pm EST)
      Chevron/Texaco Biz Card App Status: 888-243-8358
      Citi: 800-645-7240, 800-288-4653 (Citi Business)
      Citi: 800-750-7453 (Business)
      Citi 888-201-4523 (Personal)
      Citi: 718-248-0847 (EO)
      Citi: 800-695-5171 (New Accounts UW)
      Citi: 605-331-1698 (EO - CC division)
      Citi Credit Bureau Dispute Fax: 866-713-5028
      Comenity: 800-303-1368 (Consumer Relations - Recon)
      Discover: 888-676-3695 (New Accounts)
      Discover: 866-305-7691 (Direct Line TO CS)
      Discover: 866-222-0536 (EO)
      Elan: 800-364-9648 (CC underwriting, business and personal)
      Equifax: 800-846-5279 (Direct to Rep)
      Equifax Executive Office 404-885-8000
      Experian: 800-493-1058, 800-208-9232 (9AM-5PM ET, need report number from EX)
      ExxonMobil Biz Card: 800-903-9966
      FIA: See Elan
      FNBO: 800-444-6220
      GEMB: 877-294-7541 (escalated help desk)
      Haverty's/Sync: 800-333-1082
      Home Depot Store Card: 800-677-0232 (Credit Analyst)
      Home Depot Store Card: 423 467 6957 (App Status/Recon)
      Home Depot MC (Commercial): 800-720-0649
      Home Depot: 800-685-6691 (Commercial)
      Hooters: 801-545-6705, 800-850-4668
      HSBC: 866-574-4421 (App Status)
      HSBC: 866-719-3897 (Credit Analyst)
      JC Penney: 800-542-0800
      Juniper: 866-408-4064 (Credit Analyst)
      Juniper/Barclays: 866-750-6031 (Corp. Offices)
      Key Bank: 888-201-4523 (App status)
      Key Bank: 800-254-2737
      Key Bank MC: 800-288-4653
      Key Bank Credit Research Fax: 216-357-6400
      Lowes: see Synchrony (GE)
      Macy's: 800-627-2909 (Credit Dept. - new credit, inquiries on upgrade to Visa, credit reporting issues)
      Macy's: 800-543-9617 (Recovery Services)
      Marvel: see Synchrony (GE)
      Meijers MC: 801-517-5560
      National City: 800-762-0974 (Credit Dept.)
      Nationwide Visa: 866-757-2720 (App. status)
      Nordstrom: 800-964-1800 (CLI)
      Orchard: 800-395-6090 (May get answered in Spanish by bilingual CSR's. If this happens and you don't speak Spanish, either try again later or try saying "Habla ingles?" or "Ingles, por favor" to let them know you're an English-speaker)
      Philips 66: 866-289-5630, 800-610-1961
      PNC Bank: 800-762-2117 (Business CC)
      PNC Bank: 877-562-0150 (Business UW)
      Sam's Club: 800-301-5546 (Underwriting)
      Sears: 800-599-9710 (App status)
      Shell Fleet Card: 800-223-3296 (App status)
      Shell: 800-223-3296, 866-438-7435
      Shell: 800-377-5150
      Staples: 800-767-1291, 800-282-5316
      Sunoco Corp. Card: 800-935-3387, 800-278-6626
      Sunoco: 800-310-4773
      Synchrony (GE): 800-240-0512, 800-480-0205 (Biz)
      Synchrony (GE): 800-588-4290 (Consumer)
      Synchrony (GE): 877-379-8175 (Sr UW)
      Synchrony (GE): 888-885-6937 (Verification)
      Synchrony (GE): 800-333-1082 (Haverty's)
      Synchrony (GE): 866-519-6441 (Marvel CC, Sr UW)
      Target Biz Card: 800-440-5317
      Tiffany: 800-770-0800
      Transunion: (312) 466-7719 (Corporate Office Resolution Team Voicemail)
      Transunion: (610) 546-4600 (Corporate Office, need extension or last name to search directory)
      USAA Bank Secured Platinum: 800-344-5696 ext 38763 (secured product specialist)
      US Bank: 800-685-7680 (Underwriting)
      US Bank Secured Platinum: 800-344-5696 (underwriters for secured product)
      Valero: 877-882-5376
      Walmart (Sync): 877-379-8175 (Sr UW)
      Walmart (Sync): 877-969-5302 (Verification)
      Wells Fargo: 866-677-1128 (CC Executive Office)
      Wells Fargo: 844-576-6424 (Executive Office)
      Wells Fargo: 877-514-3717 (Amex Propel Credit Svcs)
      Wells Fargo: 844-879-4824 (Direct # for Product Change Credit Svcs)
      Wright Express: 888-743-3893   
       
    • By Mommaonamission
      It’s a long post but, where do I go from here? I am not sure what to do next. Do I just pay everything off and only charge a small account to one or two cards and pay them off every month or is there more to it? My goal is to buy a house. Hopefully by next summer. I, unfortunately, listened to Credit Karma before I did more research and opened more cards than I probably should have and charged a bunch but, I will have all the balances back at zero in 2-3 months at most.
       
      Here is what I am doing: paying all current credit balances to zero with no more charging, paying down student loans currently in deferment. I am thinking of closing the First Premier card and opening a self lender account (to get a better mix) but, am not sure if closing a paid card will hurt my score. 
       
      This is where I am sitting at:
      Scores
      Wells Fargo Fico 9 score: 626
      Fico 8 scores pulled from premium Experian subscription:
      Experian- 657 Equifax- 643 Transunion: 661 Fico 8: 657
      Collections
      LVNV/Resurgent: $518 paid just waiting to be deleted from credit report
      IC Systems: $253, waiting on a response from debt verification letter, if that doesn't work I am asking for a PFD
      What Is Reporting
      Fingerhut: $73.06 out of $600 limit since Feb 2020
      Capital One (authorized user, no card): $555 out of $9,500 limit since Nov 2014
      Capital One (Walmart store card): $193.24 out of $300 since May 2020
      Credit One $258.50 out of $300 since May 2020
      First Premier: 270.83 out of $300 since Jan 2020
      Synchrony Bank: $0 out of $1800 since Feb 2020 (never used)
      Student Loans
      Went through rehab and now in deferment due to being in school, no longer taking out more loans. Total: $39107.18
       
      I also have some transferred closed student loans showing up on Equifax and Transuion as 120 days late with zero balances that I do not know what to do with. 
        FICO Score Message 1 of 3 0 Kudos   Reply  
    • By apsman
      Hello, I am a long time member but I have been away for a long time. I am looking for some advice or just opinions that I am doing the right thing!
       
      To start I am looking to buy a home by the end of the year!
       
      My Current Situation:
      AMEX: Opened Feb 2012 / Balance $0 / Limit: $6700 / One 30 Day Late Payment
      Barclays: Opened Oct 2019 / Balance $387 / Limit $1000 / No Lates
      Capital One: Opened Dec 2010 / Balance $202 / Limit $5750 / One 30 day(Feb 2019), One 60 Day Late (March 2019)
      Discover: Opened June 2020 (0% Balance Transfer) / Balance $9343 / Limit $9500
      Kohls/CAPONE: Opened Oct 2016 / Balance $0 / Limit $3000
       Merrick Bank: Opened June 2011 / Balance $0 / Limit $3300 / 30 Day Lates (Oct & Nov 2018) - 60 Day Late Dec 2018 - 90 Day Late Jan 2019
      Nordstrom: Opened Nov 2012 / Balance $0 / Limit $5800 / No Lates
      THD/CBNA (Home Depot) Opened June 2011 / Balance $2000 / Limit $6000 / No Lates
      CLOSED: PNC Credit Card Opened Jan 2016 / Closed Dec 2018 Legally Paid in full for less than the full balance Lates: (2017) Aug 30days - Sept 60days - Oct 60 days- Nov 90 days (2018) Jul 30 days - Aug 60 Days - Sept 90 Days - Oct/Nov 120 Days
      CLOSED: SYNCB/LAZBOY: Opened DEC 2014 Closed Oct 2017 Good history no negatives
      CLOSED: NOT REPORTING NOW: Credit Union CC Balance $8500 with late pays (I am sure this will show up when i least expect it)
       
       AUTO Loan:
      US BANK Opened April 2020 Good History
      - I have 5 closed Auto Loans with perfect history
       
      Student Loans:
      - Balance $7410 Good History
      - Balance $6165 Good History
      - CLOSED: Good History
       
      Personal Loans:
      - CLOSED: One Main Financial this loan was paid in full in 3 months!
       
      401k Loan:
      $9500 - Auto Pay through pay checks does not show on credit report
       
      -------
      Now you know my current situation: I just did the balance transfers on the Discover and it has increase my FACO score a large amount. I am thinking of taking a personal loan from my bank to pay off my 401k loan. I would then be able to take out a larger loan to pay off all my revolving debt and have it automatically taken from my pay checks at a 5% interest rate. I would normally leave the balance on the discover card at 0% but that ends in 14 months which I do not know if I would have it paid off in time. As I said i am looking to buy a house before the end of the year. Should i go forward with this process?
       
      Why I am thinking of the 401k loan...
      1) I like the idea that I have a very low interest rate and that interest actually goes back into my 401k
      2) I know the debt will be paid off in 60 months
      3) If god forbid i lose my job the loan is paid off by my 401k (I know this sucks but it does protect me)
      4) this will clear up my credit report of debt and maybe increase my credit score more
       
      I have a plan in place to not run up credit cards again. we are living will within our means now and not running up debt but actually slowly paying it off with high interest. It will go even faster with low interest rates! The way I figure I will be saving an average of $400 a month in interest alone!
       
      Please give me your honest opinion on what I should do!
       
      -Apsman-
       



  • Member Statistics

    • Total Members
      179,018
    • Most Online
      2,046

    Newest Member
    TheUdubagee
    Joined

About Us

Since 2003, creditboards.com has helped thousands of people repair their credit, force abusive collection agents to follow the law, ensure proper reporting by credit reporting agencies, and provided financial education to help avoid the pitfalls that can lead to negative tradelines.
×
×
  • Create New...

Important Information

Guidelines